The 'Goods and Services Tax' rate on books is: MCQ with Answer and Explanation

Question

Share Report Error

The 'Goods and Services Tax' rate on books is:

A. 18%

B. 12%

C. 0%

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Printed books are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

In India, the estimate of National Income is usually expressed as:

A. GNP at market prices

B. NNP at factor cost

C. GDP at factor cost

D. GDP at market prices

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
National Income is conventionally defined as Net National Product at factor cost.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The Nominal Effective Exchange Rate is:

A. the rupee-dollar rate only

B. the difference between exports and imports

C. the inflation-adjusted exchange rate

D. a trade-weighted average of the rupee against a basket of currencies

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
NEER is a trade-weighted average of the domestic currency against a basket of foreign currencies.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Foreign Direct Investment' limit in defence sector was increased to what percentage through the automatic route?

A. 100%

B. 49%

C. 74%

D. 26%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
FDI in defence under automatic route is allowed up to 74%, with higher under government route.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs